Chitchat China's Time bomb is set to be detonated

[congo9]

https://www.epochtimes.com/b5/24/10...9UPo6UZvHAGgihzo0A_aem_GnIw_ybGX1ghQb4R5gWbLg

Clock is ticking !

 

[KingFook Sr]

Epochtimes
Ha Ha.

 

[k1976]

Larry Summers Says 50 Basis Point Rate Cut in September Was ‘A Mistake’​

Unmute




BlackRock's Rieder Says Fed Needs to Keep Cutting Rates
By Susanne Barton
October 4, 2024 at 11:28 PM GMT+8
Save
Translate

Former Treasury Secretary Larry Summers said the Federal Reserve’s decision to cut interest rates last month was a mistake after new data showed that US job growth last month topped all estimates.
“With the benefit of hindsight, the 50 basis point cut in September was a mistake though not one of great consequence,” Summers, a paid contributor to Bloomberg TV, said in a post on X.

 

[k1976]

US Jobs Report:
September Report
Key Takeaways
Employed But Unhappy
Unemployed Americans Left Behind
Sahm Rule, Explained
Markets

Ed Yardeni Sees Fed Pausing Rate Cuts for 2024 After Jobs Report​

• Market veteran says September’s rate move was ‘not necessary’
• BMO’s Lyngen mulls the prospect of Fed skipping November

Ed Yardeni
Photographer: Christopher Goodney/Bloomberg
By Lu Wang
October 5, 2024 at 5:56 AM GMT+8
Save
Translate

The Federal Reserve’s monetary-easing campaign for 2024 may already be over as the strong labor report Friday underscores the stubborn resilience of the world’s largest economy, according to Wall Street veteran Ed Yardeni.

Further policy easing would risk sparking inflation just as oil prices rebound and China seeks to jump start its economy, according to the founder of Yardeni Research Inc., who famously coined the “Fed Model” and the “bond vigilante.”

Have a confidential tip for our reporters

 

[k1976]

Subscribe
Opinion
Jonathan Levin, Columnist

Strong Jobs Report Provides a Reason to End the Paranoia​

A rising unemployment rate was the main cause for concern about the US economy. Now, it’s falling again.
October 4, 2024 at 11:07 PM GMT+8
By Jonathan Levin
Jonathan Levin is a columnist focused on US markets and economics. Previously, he worked as a Bloomberg journalist in the US, Brazil and Mexico. He is a CFA charterholder.

A good labor market report.
Photographer: Angus Mordant/Bloomberg
Save
Translate

It may soon be time to shed our paranoia about the US labor market and concede that the economy is looking fabulous.
By one estimate, gross domestic product may have posted a 2.5% annualized gain in the third quarter. Inflation is falling back to target.

And a slew of data on household savings and borrowing suggest that consumers still have considerable firepower. The job market had been the only real fly in the ointment, with payrolls growth slowing and the unemployment rate moving meaningfully higher. Until now.


Before it’s here, it’s on the Bloomberg Terminal

 

[k1976]

Subscribe

The China-Laos Railway train arrives in Boten, Laos, in April. The railway has become a posterchild for success in China’s Belt and Road Initiative despite questions about the project’s economic viability.
Photographer: Lauren DeCicca/Getty Images
Industries
Transportation

China’s Bullet Trains Extend Toward Singapore Despite Debt Fears​

Southeast Asian nations are embracing Beijing’s investments in a network of projects meant to tie the region together.


By Philip Heijmans
October 5, 2024 at 8:00 AM GMT+8
Save
Translate
Just outside the capital of Laos — a country with an economy smaller than Vermont — a $6 billion rail line carves its way through rice paddies and forested mountains toward the border with China.

Further south, Malaysia’s king is seeking Chinese investors for a high-speed rail to Singapore, while in Vietnam, a $6.3 billion trio of railroads built by Beijing are a linchpin in the nation’s efforts to bolster its economy and regional trade ties.

Together they form the missing links to what China calls a “golden corridor” that would eventually connect the nation’s manufacturing provinces more than 4,000 kilometers (2,490 miles) to Singapore.
https://www.bloomberg.com/tips/

 

[k1976]

Powell’s Outsized Influence Signals Smaller Fed Cut, Nomura Says​

• Amemiya says Powell’s NABE speech indicated no larger cuts
• Fed’s communications before September meeting “a mess”

Jerome Powell, chairman of the US Federal Reserve, during the National Association of Business Economics (NABE) annual meeting in Nashville.Photographer: Seth Herald/Bloomberg
By Akira Matsui
October 5, 2024 at 5:03 AM GMT+8
Save
Translate

The Federal Reserve is likely to downsize its rate cuts to 25 basis points at both the November and December policy meetings, according to Aichi Amemiya at Nomura Securities International.

“I do not think that the Fed is considering an additional 50 basis-point rate cut at the moment,” the senior economist said in an interview with Bloomberg News. His comments on Sept. 27 and Oct. 1. preceded a solid September jobs report.

 

[k1976]

Malaysia urges private sector to ‘take the lead’ on funding high-speed rail link to Singapore​

• Transport Minister Anthony Loke says the government is keen on resurrecting the rail project but does not want to end up with ‘a huge financial obligation’

Malaysia’s high-speed rail (HSR) link from Kuala Lumpur to Singapore remains a key piece of its infrastructure upgrade puzzle, Transport Minister Anthony Loke has said, but the project will only go forward if it is privately funded to avoid loading more debt onto the state.

Without the backstop of government finance, potential contractors – including from Japan – have reportedly shied away from heavy investment in the connection

 

[crimsondue]

Nil

 

[k1976]

Anthony Like is more hot air than substance.
Can't even implement VEP roll out because as minister, he has no judgement to see that his ministry has no capacity nor capability for fast IT systems.

He want a free ticket to milk Tiongkok kia thru land compensation, phantom workers and TuoFu material ...very usual tricks.

If JHK dun like that, i really wallorry

 

[k1976]

Tiongkok is the pipe piper...and 10 little Debt Serfs

 

[syed putra]

Subscribe

The China-Laos Railway train arrives in Boten, Laos, in April. The railway has become a posterchild for success in China’s Belt and Road Initiative despite questions about the project’s economic viability.
Photographer: Lauren DeCicca/Getty Images
Industries
Transportation

China’s Bullet Trains Extend Toward Singapore Despite Debt Fears​

Southeast Asian nations are embracing Beijing’s investments in a network of projects meant to tie the region together.


By Philip Heijmans
October 5, 2024 at 8:00 AM GMT+8
Save
Translate
Just outside the capital of Laos — a country with an economy smaller than Vermont — a $6 billion rail line carves its way through rice paddies and forested mountains toward the border with China.

Further south, Malaysia’s king is seeking Chinese investors for a high-speed rail to Singapore, while in Vietnam, a $6.3 billion trio of railroads built by Beijing are a linchpin in the nation’s efforts to bolster its economy and regional trade ties.

Together they form the missing links to what China calls a “golden corridor” that would eventually connect the nation’s manufacturing provinces more than 4,000 kilometers (2,490 miles) to Singapore.
https://www.bloomberg.com/tips/

I think they should stop calling it the " bullet train". The ch8na- laos train travels at only 160km/ hr. It is one track layout. Not two. So frequency of services is very limited. Its built more for the transport of goods to south east asia.
China seeking vietnam's approval for hanoi to kunming railway for same reason.
Its much faster to fly for passengers if destination is between china to south east asia.

 

[k1976]

Tiongkok is the pipe piper...and 10 little Debt SerView attachment 207585

I think they should stop calling it the " bullet train". The ch8na- laos train travels at only 160km/ hr. It is one track layout. Not two. So frequency of services is very limited. Its built more for the transport of goods to south east asia.
China seeking vietnam's approval for hanoi to kunming railway for same reason.
Its much faster to fly for passengers if destination is between china to south east asia.

Poor man can only afford train tickets

 

[laksaboy]

When it detonates, I know this ATB will be very sad.

Shameless communist shithole country, everything is centrally planned, still want to pretend and have a 'stock market'.

 

[OrhKiam]

 

[OrhKiam]

 

[OrhKiam]